Reserve Bank QE taking bigger role in hitting inflation, jobs targets - Hawkesby

Thu, 20 Aug 2020

The Reserve Bank’s asset purchase programme will become a more active tool in hitting inflation and employment targets as the key interest rate nears its lower bound, says assistant governor Christian Hawkesby. The official cash rate is already at a record low 0.25 percent and central bank officials are working on a programme of taking the key rate negative, in conjunction with a model where the RBNZ provides funding to trading banks at or near the negative rate. The Reserve Bank’s balance sheet has more than doubled over the past year to...

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